SGBX.L vs. XGDU.L
SGBX.L (WisdomTree Physical Swiss Gold) and XGDU.L (Xtrackers IE Physical Gold ETC Securities) are both Precious Metals funds tracking the Gold, from WisdomTree and Xtrackers respectively. Both are passively managed. Over the past 5 years, SGBX.L returned 19.84%/yr vs 19.88%/yr for XGDU.L. Their correlation of 0.90 suggests significant overlap in exposure. SGBX.L charges 0.15%/yr vs 0.12%/yr for XGDU.L.
Performance
SGBX.L vs. XGDU.L - Performance Comparison
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Different Trading Currencies
SGBX.L is traded in GBp, while XGDU.L is traded in USD. To make them comparable, the XGDU.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SGBX.L achieves a 3.86% return, which is significantly lower than XGDU.L's 4.15% return.
SGBX.L
- 1D
- 0.68%
- 1M
- -3.57%
- YTD
- 3.86%
- 6M
- 5.03%
- 1Y
- 34.31%
- 3Y*
- 28.08%
- 5Y*
- 19.84%
- 10Y*
- —
XGDU.L
- 1D
- 0.55%
- 1M
- -3.56%
- YTD
- 4.15%
- 6M
- 5.25%
- 1Y
- 34.32%
- 3Y*
- 28.22%
- 5Y*
- 19.88%
- 10Y*
- —
SGBX.L vs. XGDU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SGBX.L WisdomTree Physical Swiss Gold | 3.86% | 53.55% | 28.13% | 7.24% | 12.36% | -3.37% | 0.45% |
XGDU.L Xtrackers IE Physical Gold ETC Securities | 4.15% | 52.97% | 28.40% | 7.78% | 11.98% | -3.90% | 1.09% |
Correlation
The correlation between SGBX.L and XGDU.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2020 | 0.90 |
The correlation between SGBX.L and XGDU.L has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.
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Return for Risk
SGBX.L vs. XGDU.L — Risk / Return Rank
SGBX.L
XGDU.L
SGBX.L vs. XGDU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Swiss Gold (SGBX.L) and Xtrackers IE Physical Gold ETC Securities (XGDU.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| SGBX.L | XGDU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.27 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 1.90 | -0.05 |
| Martin ratioReturn relative to average drawdown | 4.94 | 5.03 | -0.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SGBX.L | XGDU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.39 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 1.19 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.94 | -0.04 |
Drawdowns
SGBX.L vs. XGDU.L - Drawdown Comparison
The maximum SGBX.L drawdown since its inception was -22.29%, roughly equal to the maximum XGDU.L drawdown of -22.90%. Use the drawdown chart below to compare losses from any high point for SGBX.L and XGDU.L.
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Drawdown Indicators
| SGBX.L | XGDU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.29% | -22.90% | +0.61% |
Max Drawdown (1Y)Largest decline over 1 year | -18.07% | -17.64% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -18.07% | -17.64% | -0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -18.07% | -17.64% | -0.43% |
Current DrawdownCurrent decline from peak | -16.26% | -15.94% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -6.61% | +0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.76% | 6.67% | +0.09% |
Volatility
SGBX.L vs. XGDU.L - Volatility Comparison
The current volatility for WisdomTree Physical Swiss Gold (SGBX.L) is 5.08%, while Xtrackers IE Physical Gold ETC Securities (XGDU.L) has a volatility of 5.96%. This indicates that SGBX.L experiences smaller price fluctuations and is considered to be less risky than XGDU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGBX.L | XGDU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 5.96% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 19.94% | 21.20% | -1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.13% | 24.12% | -0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 16.76% | -0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 16.83% | -1.66% |
SGBX.L vs. XGDU.L - Expense Ratio Comparison
SGBX.L has a 0.15% expense ratio, which is higher than XGDU.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SGBX.L vs. XGDU.L - Dividend Comparison
Neither SGBX.L nor XGDU.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, SGBX.L and XGDU.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XGDU.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGDU.L is cheaper with a 0.12% expense ratio, compared with 0.15% for SGBX.L.
Both ETFs track Gold. They also come from different issuers: WisdomTree and Xtrackers. Their fees differ too: 0.15% for SGBX.L and 0.12% for XGDU.L.
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